The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACCURIDE CORP NEW COM NEW 00439T206 1,949 385,168 SH   SOLE   385,168 0 0
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 10,259 792,777 SH   SOLE   792,777 0 0
ALPHA & OMEGA SEMICONDUCTOR SHS G6331P104 1,561 204,288 SH   SOLE   204,288 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 21,308 476,698 SH   SOLE   476,698 0 0
BAZAARVOICE INC COM 073271108 16,368 1,736,049 SH   SOLE   1,736,049 0 0
CENTURY ALUM CO COM 156431108 10,445 1,125,557 SH   SOLE   1,125,557 0 0
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 19,240 322,499 SH   SOLE   322,499 0 0
CHICOS FAS INC COM 168615102 5,997 351,532 SH   SOLE   351,532 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 13,075 278,900 SH   SOLE   278,900 0 0
DICE HLDGS INC COM 253017107 7,038 764,135 SH   SOLE   764,135 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 25,459 2,010,997 SH   SOLE   2,010,997 0 0
EMPLOYERS HOLDINGS INC COM 292218104 3,688 150,825 SH   SOLE   150,825 0 0
ENDEAVOUR INTL CORP COM NEW 29259G200 5,919 1,541,393 SH   SOLE   1,541,393 0 0
EXIDE TECHNOLOGIES COM NEW 302051206 265 2,085,405 SH   SOLE   2,085,405 0 0
FACEBOOK INC CL A 30303M102 2,239 90,000 SH   SOLE   90,000 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 1,926 92,905 SH   SOLE   92,905 0 0
FORESTAR GROUP INC COM 346233109 3,435 171,247 SH   SOLE   171,247 0 0
FURNITURE BRANDS INTL INC COM NEW 360921209 529 132,340 SH   SOLE   132,340 0 0
GENERAL MTRS CO COM 37045V100 22,113 663,867 SH   SOLE   663,867 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 2,810 88,124 SH   SOLE   88,124 0 0
HCA HOLDINGS INC COM 40412C101 11,054 306,553 SH   SOLE   306,553 0 0
HEALTH MGMT ASSOC INC NEW CL A 421933102 14,279 908,361 SH   SOLE   908,361 0 0
HELMERICH & PAYNE INC COM 423452101 18,265 292,467 SH   SOLE   292,467 0 0
HESS CORP COM 42809H107 11,275 169,579 SH   SOLE   169,579 0 0
HOLLYFRONTIER CORP COM 436106108 933 21,800 SH   SOLE   21,800 0 0
HOUSTON AMERN ENERGY CORP COM 44183U100 130 480,859 SH   SOLE   480,859 0 0
ICICI BK LTD ADR 45104G104 5,477 143,200 SH   SOLE   143,200 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 3,778 439,292 SH   SOLE   439,292 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 9,003 163,300 SH   SOLE   163,300 0 0
KIRBY CORP COM 497266106 16,979 213,466 SH   SOLE   213,466 0 0
LAS VEGAS SANDS CORP COM 517834107 1,112 21,002 SH   SOLE   21,002 0 0
LENNAR CORP CL A 526057104 5,562 154,332 SH   SOLE   154,332 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 11,945 244,570 SH   SOLE   244,570 0 0
LOUISIANA PAC CORP COM 546347105 7,769 525,312 SH   SOLE   525,312 0 0
MARATHON PETE CORP COM 56585A102 16,787 236,234 SH   SOLE   236,234 0 0
MASTEC INC COM 576323109 18,051 548,659 SH   SOLE   548,659 0 0
MATERION CORP COM 576690101 10,642 392,828 SH   SOLE   392,828 0 0
MAXWELL TECHNOLOGIES INC COM 577767106 9,317 1,303,007 SH   SOLE   1,303,007 0 0
MDU RES GROUP INC COM 552690109 5,142 198,441 SH   SOLE   198,441 0 0
MERITOR INC COM 59001K100 13,100 1,858,150 SH   SOLE   1,858,150 0 0
PHILLIPS 66 COM 718546104 7,033 119,384 SH   SOLE   119,384 0 0
PIONEER ENERGY SVCS CORP COM 723664108 9,581 1,447,283 SH   SOLE   1,447,283 0 0
PROGRESSIVE WASTE SOLUTIONS COM 74339G101 14,113 656,114 SH   SOLE   656,114 0 0
PULTE GROUP INC COM 745867101 5,312 280,000 SH   SOLE   280,000 0 0
STANDARD PAC CORP NEW COM 85375C101 3,357 402,999 SH   SOLE   402,999 0 0
STERLITE INDS INDIA LTD ADS 859737207 876 150,000 SH   SOLE   150,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 10,035 217,678 SH   SOLE   217,678 0 0
UNIT CORP COM 909218109 5,148 120,895 SH   SOLE   120,895 0 0
UNITED STATES STL CORP NEW COM 912909108 5,378 306,765 SH   SOLE   306,765 0 0
VALERO ENERGY CORP NEW COM 91913Y100 9,026 259,584 SH   SOLE   259,584 0 0
VIVUS INC COM 928551100 29,594 2,352,446 SH   SOLE   2,352,446 0 0
WABASH NATL CORP COM 929566107 25,673 2,521,928 SH   SOLE   2,521,928 0 0
WESTERN REFNG INC COM 959319104 11,724 417,659 SH   SOLE   417,659 0 0
WILLBROS GROUP INC DEL COM 969203108 2,543 414,243 SH   SOLE   414,243 0 0
WISDOMTREE TRUST JAPN HEDGE EQT 97717W851 15,632 342,737 SH   SOLE   342,737 0 0